bitcoinst
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 16, 2020, 07:43:52 PM |
|
That must have hurt lots of investors. The issue of not being registered is also a problem since they are already getting huge amount of profits then they should have just think about getting their Online Casino registered in some way. Its quite true that it will be hard to register because some may not understand how they are doing that online Casino through Cryptocurrency but you should still register it in some way so your money wont be questioned in some way they find it sketchy.
I doubt that they were interested in the registration problem. There are dark spots in this case. When an illegal casino has such a large turnover while it is located on the territory of a country whose laws prohibit their activities, this is often associated with other cash flows. After all, a casino with such large volumes was probably well known. Perhaps an element of money laundering is involved here, this happens quite often.
|
|
|
|
Barnabe
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 18, 2020, 08:03:57 AM |
|
That must have hurt lots of investors. The issue of not being registered is also a problem since they are already getting huge amount of profits then they should have just think about getting their Online Casino registered in some way. Its quite true that it will be hard to register because some may not understand how they are doing that online Casino through Cryptocurrency but you should still register it in some way so your money wont be questioned in some way they find it sketchy.
I doubt that they were interested in the registration problem. There are dark spots in this case. When an illegal casino has such a large turnover while it is located on the territory of a country whose laws prohibit their activities, this is often associated with other cash flows. After all, a casino with such large volumes was probably well known. Perhaps an element of money laundering is involved here, this happens quite often. Knowing how some Asian communities trust each other and build huge systems only based on trust, it wouldn't surprise me that the whole system was only financed by bets.
|
|
|
|
Pamadar
Legendary
Offline
Activity: 2982
Merit: 1028
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 18, 2020, 10:27:09 AM |
|
Knowing how some Asian communities trust each other and build huge systems only based on trust, it wouldn't surprise me that the whole system was only financed by bets. With such huge amount of money, it's not just simple bettors who financed this gambling casino, the chance that some big names from the country's government or someone from local police who are in the underground of this business, there's no plan of registering since the protectors are in charge maybe it's been detected coming from the behind, no noticed with so whoever that involved that's the siege went thru without any interferes.
|
|
|
|
Google+
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 18, 2020, 12:03:19 PM |
|
That must have hurt lots of investors. The issue of not being registered is also a problem since they are already getting huge amount of profits then they should have just think about getting their Online Casino registered in some way. Its quite true that it will be hard to register because some may not understand how they are doing that online Casino through Cryptocurrency but you should still register it in some way so your money wont be questioned in some way they find it sketchy.
I doubt that they were interested in the registration problem. There are dark spots in this case. When an illegal casino has such a large turnover while it is located on the territory of a country whose laws prohibit their activities, this is often associated with other cash flows. After all, a casino with such large volumes was probably well known. Perhaps an element of money laundering is involved here, this happens quite often. Knowing how some Asian communities trust each other and build huge systems only based on trust, it wouldn't surprise me that the whole system was only financed by bets. knowing that Vietnam created a project where cryptocurrency exchanges are a good big step but when the exchange starts showing scam actions and making Vietnam's reputation bad where the exchange makes many investors trapped because they can't withdraw assets owned by the user The exchange and if there is a cryptocurrency gambling place in Vietnam I will no longer trust it and as much as possible to avoid cryptocurrency transactions from Vietnam.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
carlfebz2
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 18, 2020, 09:48:02 PM |
|
Knowing how some Asian communities trust each other and build huge systems only based on trust, it wouldn't surprise me that the whole system was only financed by bets. With such huge amount of money, it's not just simple bettors who financed this gambling casino, the chance that some big names from the country's government or someone from local police who are in the underground of this business, there's no plan of registering since the protectors are in charge maybe it's been detected coming from the behind, no noticed with so whoever that involved that's the siege went thru without any interferes. We cant say but in most cases its impossible for government wont able to detect out specially if this one comes really too big or else they've been the ones who had been protecting this thing since from the start because it wont really be that huge if it doesnt involve lots of people who do play into that illegal casino. Neither one of those possible scenarios these illegal stuff will surely happen as long it is backed in someone who had a position above.They wont last that long if such protection isnt there. We dont know if this place do really just trying to avoid tax or just trying to make money since gambling is banned into this country?
|
|
|
|
Vishnu.Reang
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 19, 2020, 01:01:18 PM |
|
Is there any update on this, like what is the investigation till now done and how many more arrest or who all were involved were anything disclosed? Also, I guess not much money would be able to recover because they would have already transferred to some safe haven countries and might have diverted somewhere else or invested it.
I haven't heard anything from Vietnam. But in Cambodia, this event resulted in the government coming up with a parliament bill on "commercial gaming management". As per the bill, the Cambodian locals will not be allowed to participate in gambling, and there are additional measures to prevent money laundering through gambling (in both Vietnam and Cambodia, almost all the casinos are owned by the Chinese, and the clientele is also from China).
|
|
|
|
matchi2011
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 19, 2020, 02:28:03 PM |
|
Is there any update on this, like what is the investigation till now done and how many more arrest or who all were involved were anything disclosed? Also, I guess not much money would be able to recover because they would have already transferred to some safe haven countries and might have diverted somewhere else or invested it.
I haven't heard anything from Vietnam. But in Cambodia, this event resulted in the government coming up with a parliament bill on "commercial gaming management". As per the bill, the Cambodian locals will not be allowed to participate in gambling, and there are additional measures to prevent money laundering through gambling (in both Vietnam and Cambodia, almost all the casinos are owned by the Chinese, and the clientele is also from China). For sure there's actions that will be taken place, if there's someone who can provide any information or updates to whatever extent that being implement to those illegal facilitators of gambling business, it's really a big money behind it, impossible that the exposures will not hit any news around this country.
|
|
|
|
Vishnu.Reang
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 20, 2020, 09:41:06 AM |
|
For sure there's actions that will be taken place, if there's someone who can provide any information or updates to whatever extent that being implement to those illegal facilitators of gambling business, it's really a big money behind it, impossible that the exposures will not hit any news around this country.
In countries such as Vietnam, Cambodia and Laos, the gambling industry is mostly owned by the Chinese nationals. In mainland China, gambling is banned. And therefore those who can't travel to Macau normally come to these nations to visit the casinos. It is a mutually beneficial relation, but there are some negatives as well. Growth in organized crime and money laundering are some of the negative side effects.
|
|
|
|
bitcoinst
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 20, 2020, 11:11:21 AM |
|
For sure there's actions that will be taken place, if there's someone who can provide any information or updates to whatever extent that being implement to those illegal facilitators of gambling business, it's really a big money behind it, impossible that the exposures will not hit any news around this country.
In countries such as Vietnam, Cambodia and Laos, the gambling industry is mostly owned by the Chinese nationals. In mainland China, gambling is banned. And therefore those who can't travel to Macau normally come to these nations to visit the casinos. It is a mutually beneficial relation, but there are some negatives as well. Growth in organized crime and money laundering are some of the negative side effects. The most negative side effect of all this is that during such machinations the level of corruption in the country increases at the highest levels, which further spreads to other spheres of government. Even developed countries face this, but in less developed countries it is a much more serious problem because these countries themselves are poor and the living standards of the population are low.
|
|
|
|
passwordnow
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2020, 08:01:21 AM |
|
The most negative side effect of all this is that during such machinations the level of corruption in the country increases at the highest levels, which further spreads to other spheres of government. Even developed countries face this, but in less developed countries it is a much more serious problem because these countries themselves are poor and the living standards of the population are low.
In the developing countries, there's more under the table than following the regulations. Some officials show that they are the law and don't have to go that far because they are scaring their subordinates and show how superior they are. I think that process won't be changed if the officials are benefiting on it. That won't stop unless there's a higher official that want this to stop.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
erikoy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2020, 09:03:56 AM |
|
The most negative side effect of all this is that during such machinations the level of corruption in the country increases at the highest levels, which further spreads to other spheres of government. Even developed countries face this, but in less developed countries it is a much more serious problem because these countries themselves are poor and the living standards of the population are low.
In the developing countries, there's more under the table than following the regulations. Some officials show that they are the law and don't have to go that far because they are scaring their subordinates and show how superior they are. I think that process won't be changed if the officials are benefiting on it. That won't stop unless there's a higher official that want this to stop. So, this is now one of the disadvantage of having an online casino. The safety of the gamblers on their deposits could be compromise. However, there could be some ways that these could be prevented. But in my case it would be good to join a good gambling platform that are establish. There is lesser chances that events like this could happen. At some point, the platform of an establish online gambling casino were being tested already by the users and it will be lesser to encounter errors in technical aspects.
|
|
|
|
ethereumhunter
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2020, 03:28:34 PM |
|
The most negative side effect of all this is that during such machinations the level of corruption in the country increases at the highest levels, which further spreads to other spheres of government. Even developed countries face this, but in less developed countries it is a much more serious problem because these countries themselves are poor and the living standards of the population are low.
In the developing countries, there's more under the table than following the regulations. Some officials show that they are the law and don't have to go that far because they are scaring their subordinates and show how superior they are. I think that process won't be changed if the officials are benefiting on it. That won't stop unless there's a higher official that want this to stop. So, this is now one of the disadvantage of having an online casino. The safety of the gamblers on their deposits could be compromise. However, there could be some ways that these could be prevented. But in my case it would be good to join a good gambling platform that are establish. There is lesser chances that events like this could happen. At some point, the platform of an establish online gambling casino were being tested already by the users and it will be lesser to encounter errors in technical aspects. I believe that the casino will give safety to the gamblers in their own way because they don't want to see their customers leave them sad. Choosing a good gambling platform will be one solution for the gamblers to feel safe from bad situations, and they can avoid the errors because we don't know when the error will happen. The good online gambling casino will pass the test to prove to the customer that they can be trusted.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
bhadz
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2020, 03:35:15 PM |
|
In countries such as Vietnam, Cambodia and Laos, the gambling industry is mostly owned by the Chinese nationals. In mainland China, gambling is banned. And therefore those who can't travel to Macau normally come to these nations to visit the casinos. It is a mutually beneficial relation, but there are some negatives as well.
Could that mean that most Asian countries, they are the majority owner of those casinos? I didn't know that they have that much casinos although in movies, I used to watch that they really are into gambling. Growth in organized crime and money laundering are some of the negative side effects.
That's like the corruption that happens.
|
|
|
|
iv4n
Legendary
Offline
Activity: 3248
Merit: 1179
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 23, 2020, 09:30:20 AM |
|
In countries such as Vietnam, Cambodia and Laos, the gambling industry is mostly owned by the Chinese nationals. In mainland China, gambling is banned. And therefore those who can't travel to Macau normally come to these nations to visit the casinos. It is a mutually beneficial relation, but there are some negatives as well.
Could that mean that most Asian countries, they are the majority owner of those casinos? I didn't know that they have that much casinos although in movies, I used to watch that they really are into gambling. Growth in organized crime and money laundering are some of the negative side effects.
That's like the corruption that happens. Asia is too big, and everything there is big, so does gambling industry. Macau is bigger than all other gambling cities, and they wager more money there then anywhere else in the world. It's how it is when you have huge population and masses, everything that is done is done on a big scale. And of course where is money and people there's corruption, system exploitation, you name it, you can find whatever you want there, for money of course.
|
|
|
|
btc78
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2604
Merit: 217
Eloncoin.org - Mars, here we come!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 23, 2020, 10:20:47 AM |
|
Vietnam authorities are claiming to burst an online casino that used to handle bets worth $3 billion, and what’s surprising is despite getting such huge volumes the casino owner never felt the need to get his casino registered and operate legally.
Further he had deployed a very clever strategy where he had hired people to lure gamblers out, and then he used to pay those people fixed commissions for every deposits the gambler made through them.
Isn't this the normal way scammers do?luring either gambler or investors and paying the people with small amount thinking that they already gather too much money? Lastly I would request you’ll to wager only on reputed casinos, and check their history before you wager otherwise you may end up loosing your funds to fraudulent online casinos.
exactly the point,i dont know why there are still victim these scammers when there are already existing gambling site that legit and standing for many years now? thanks for this ,will use as reference and spread to my friends as well.
|
|
|
|
Vishnu.Reang
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 28, 2020, 09:39:50 AM |
|
Asia is too big, and everything there is big, so does gambling industry. Macau is bigger than all other gambling cities, and they wager more money there then anywhere else in the world. Macau is one of the most law-abiding territories in Asia. It is well known for its gambling industry, but organized crime and fixing is very rare. Most of the casinos are owned by well known companies. And perhaps that is the reason why many of the Chinese and other gamblers prefer less well known destinations such as Cambodia and Vietnam.
|
|
|
|
carlfebz2
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 28, 2020, 09:57:15 AM |
|
In countries such as Vietnam, Cambodia and Laos, the gambling industry is mostly owned by the Chinese nationals. In mainland China, gambling is banned. And therefore those who can't travel to Macau normally come to these nations to visit the casinos. It is a mutually beneficial relation, but there are some negatives as well.
Could that mean that most Asian countries, they are the majority owner of those casinos? I didn't know that they have that much casinos although in movies, I used to watch that they really are into gambling. Growth in organized crime and money laundering are some of the negative side effects.
That's like the corruption that happens. Asia is too big, and everything there is big, so does gambling industry. Macau is bigger than all other gambling cities, and they wager more money there then anywhere else in the world. It's how it is when you have huge population and masses, everything that is done is done on a big scale. And of course where is money and people there's corruption, system exploitation, you name it, you can find whatever you want there, for money of course. Yes and its part of reality and its really hard to avoid such stuffs as long theres big money that circulates then expect for these things to exist. There are places which are law-abiding and there are places that do really had that illegal stuff. When it comes to places that becomes big and generating billions then expect that someone is on top who've been protecting this one.It wont really be that huge if theres no one behind the scene. Corruption, fixed games etc. is always there.
|
|
|
|
bitcoinisbest
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 28, 2020, 10:14:28 AM |
|
Asia is too big, and everything there is big, so does gambling industry. Macau is bigger than all other gambling cities, and they wager more money there then anywhere else in the world. Macau is one of the most law-abiding territories in Asia. It is well known for its gambling industry, but organized crime and fixing is very rare. Most of the casinos are owned by well known companies. And perhaps that is the reason why many of the Chinese and other gamblers prefer less well known destinations such as Cambodia and Vietnam. After Las Vegas, Macau is the most visited place for gambling. If not mistaken even gambling constitute to 85% contribution in their economy. So it is all gambling and the tourist that comes to visit Macau. Also, people who cannot afford to travel Vegas, ensure that they do visit Macau to enjoy the gambling and nightlife out there. Since China and Macau are quite close by so people do visit on Friday night and then go back to China on Sunday.
|
|
|
|
Vishnu.Reang
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 28, 2020, 10:33:55 AM |
|
After Las Vegas, Macau is the most visited place for gambling. If not mistaken even gambling constitute to 85% contribution in their economy. So it is all gambling and the tourist that comes to visit Macau. Also, people who cannot afford to travel Vegas, ensure that they do visit Macau to enjoy the gambling and nightlife out there. Since China and Macau are quite close by so people do visit on Friday night and then go back to China on Sunday. Obviously Macau is one of the global hubs for gambling. But the problem with Macau is that the casinos can be very expensive and not everyone from mainland China can afford to go to these casinos and indulge in gambling. That's the reason why a lot of them look for more affordable destinations, such as Vietnam, Myanmar and Cambodia.
|
|
|
|
batang_bitcoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 28, 2020, 11:48:37 AM |
|
Obviously Macau is one of the global hubs for gambling. But the problem with Macau is that the casinos can be very expensive and not everyone from mainland China can afford to go to these casinos and indulge in gambling. That's the reason why a lot of them look for more affordable destinations, such as Vietnam, Myanmar and Cambodia.
I haven't been to Macau but I know that they are the gambling hub and alike Las Vegas in Asia. Most of their customers there are foreigners and that's how the economy in that country relies mostly upon. I have a Chinese relative and what you are saying about being practical of them is true. If they have elsewhere to buy, to gamble or do anything with their money in a cheaper way, they'll go on that place and spend wisely their money for them to save and have discounts.
|
Rent this sig space so that BTC goes to $100k.
|
|
|
|